H&E Equipment Services, Inc. entered into a definitive agreement to acquire Rental Inc.
January 28, 2018
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H&E Equipment Services, Inc. (NasdaqGS:HEES) entered into a definitive agreement to acquire Rental Inc. for approximately $68.6 million on January 29, 2018. The consideration will be paid in cash and subject to customary adjustments. The transaction is subject to customary closing conditions and expected to close in the first quarter of 2018. As of November 2017, Rental generated revenues of approximately $36.4 million for the last 12 months. Tony Enlow, Stephen Sonenshine, Alicia Burger and Jim Putnam from BDO Corporate Finance served as financial advisors to H & E Equipment Services.
H&E Equipment Services, Inc. is a rental equipment company. The Companyâs segments include Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales and Repair and Maintenance Services. Equipment rentals segment includes rental operations and primarily rents core types of construction and industrial equipment. Sales of Rental Equipment segment used sales are generated primarily from sales from its rental fleet. Sales of New Equipment segment sells equipment through a professional sales force. Parts Sales segment provides parts for its own rental fleet and sells parts for the equipment it sells. Services segment includes maintenance and repair services for its own rental fleet and for its customersâ equipment at its facilities as well as at its customersâ locations. It operates 145 branch locations across 30 states. It serves branches throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, Midwest and Mid-Atlantic regions.
H&E EQUIPMENT SERVICES, INC. 
